Mechanics and Farmers Bank: SBA loans in this registry

About this lender

Type

Bank

Headquarters

Durham, NC

FDIC certificate number

12266

Total assets

$476.0 million (as of June 30, 2026)

Established

1908

Offices

8

Website

www.mfbonline.com

Acquisition loans (7(a))

6 loans, $8.4M total, $1.4M average

Approval dates

Nov 1, 2023 to Dec 1, 2025

Typical term (median)

acquisition loans: 10 years

Initial interest rate (7(a))

10% to 11.25%, median 10.50%

Rate type (7(a))

100% variable, 0% fixed

Top industries

• Sign Manufacturing: 1 loan
• All Other Support Services: 1 loan
• General Automotive Repair: 1 loan
• Other Computer Related Services: 1 loan
• Furniture Merchant Wholesalers: 1 loan

Top states

• Kentucky: 2 loans
• Georgia: 2 loans
• South Carolina: 1 loan
• North Carolina: 1 loan

Largest deals

• American Material Services, Inc., Macon, GA: $3,975,000 (7(a) acquisition, Nov 1, 2023)
• ASC Group, Lilburn, GA: $1,504,000 (7(a) acquisition, Dec 23, 2024)
• Smartdesks, Mooresville, NC: $880,000 (7(a) acquisition, May 28, 2024)
• Signarama Lexington, KY, Lexington, KY: $800,000 (7(a) acquisition, Dec 1, 2025)
• A Plus Shredding, Louisville, KY: $734,400 (7(a) acquisition, Sep 26, 2025)

Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.

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